stockrowElevance Health, Inc.
ELV Healthcare Healthcare Plans
Elevance Health, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $199.1 billion, up 12.5% from fiscal 2024.
- Revenue
- +1.42%
- EPS
- +17.9%
- Free cash flow
- +29.0%
- Total debt
- −3.65%
Quarter to September 2026, against a year earlier
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Elevance Health, Inc. (ELV) Gross margin
Elevance Health, Inc.'s gross margin over the twelve months to 30 September 2026 was 15.5%, up 0.5 percentage points from fiscal 2025 (14.9%). Over the past ten years it has ranged from 14.9% (fiscal 2025) to 22.8% (fiscal 2015) — the current reading is the lowest in ten years. That is below the Healthcare Plans industry median of 19.4% and below the Healthcare sector median of 54.5%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 14.9% | (1.85) |
| FY2024 | 16.8% | (0.56) |
| FY2023 | 17.3% | 0.15 |
| FY2022 | 17.2% | (0.97) |
| FY2021 | 18.2% | (2.25) |
| FY2020 | 20.4% | 0.80 |
| FY2019 | 19.6% | (2.33) |
| FY2018 | 21.9% | 2.17 |
| FY2017 | 19.8% | (1.47) |
| FY2016 | 21.2% | (1.55) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 15.6% | (0.20) |
| Jun 2026 | 15.8% | (2.37) |
| Mar 2026 | 18.1% | 5.76 |
| Dec 2025 | 12.4% | (1.80) |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| CI Cigna Group compare | 88.4% |
| CVS CVS Health Corporation compare | 44.2% |
| PGNY Progyny, Inc. compare | 24.9% |
| OSCR Oscar Health, Inc. compare | 20.6% |
| UNH UnitedHealth Group Incorporated compare | 19.8% |
| ELV Elevance Health, Inc. | 15.5% |
| HUM Humana Inc. compare | 13.0% |
| MOH Molina Healthcare, Inc compare | 12.6% |
| CNC Centene Corporation compare | 7.78% |
| Healthcare Plans industry median | 19.4% |
| Healthcare sector median | 54.5% |
| Market median | 46.0% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on ELV
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement